Lsus mha 706 exam - Study guides, Class notes & Summaries

Under the broad category of fee-for-service (FFS), what are the three main types of fee-for- service methodologies that were discussed in class? -Cost-Based -Charge-Based -Prospective Payments Select all of the TRUE statements about ICD Codes. -The greater the number of digits in the code, the more detailed the disease. -The codes currently consist of 3, 4, 5, 6, or 7 digits/characters -ICD- stands for International Classification of Diseases -ICD-10 is the current standard

QUESTIONS AND ANSWERS

1. Cost Driver is the... Answer: basis cost pool will be allocated 2. Cost Pool is the... Answer: overhead amount to be allocated 3. Overhead Departments are... Answer: often called cost centers 4. Indirect Costs Answer: Costs of shared resources used by the entire organization 5. Patient Service Departments are... Answer: often called revenue centers 6. Direct Costs are... Answer: costs unique and exclusive to a department 7. "Dollars in the Cost Pool" / "Total Volume of Cost Driver" ...

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

LSUS MHA 706 MIDTERM EXAM 2024/FINANCIAL MANAGEMENT MIDTERM QUESTIONS AND ANSWERS healthcare finance - ANSWERS>>>the accounting and financial management principles and practices used within health services organizations to ensure the financial well-being of the enterprise healthcare sector - ANSWERS>>>consists of a diverse collection of industries that involve the healthcare of the population provider - ANSWERS>>>an organization that provides healthcar...

LSUS MHA 706 FINAL EXAM | FINANCIAL MANAGEMENT FINAL EXAM 2024 WITH QUESTIONS AND REAL ANSWERS // ALREADY GRADED A+ // LATEST 2024/2025 According to DuPont analysis, ROE can be calculated as the product of what three financial ratios? -Total Margin -Total Asset Turnover -Equity Multiplier Limitations associated with financial condition analysis: -Sometimes hard to tell if a given ratio is 'good' or 'bad' -Different operating and accounting practices can distort comparisons -Seaso...

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